UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Date of Report (Date of Earliest Event Reported): | | February 16, 2006 |
Asset Acceptance Capital Corp.
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(Exact name of registrant as specified in its charter)
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| Delaware | 000-50552 | 80-00767779 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 28405 Van Dyke Avenue, Warren, Michigan | | 48093 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 586-939-9600 |
Not Applicable
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Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
Item 1.01. Entry into a Material Definitive Agreement.
On February 14, 2006, the Compensation Committee ("Committee") of the Board of Directors (the "Board") of Asset Acceptance Capital Corp. (the "Company") approved the following executive compensation arrangements.
Salary Adjustments for Certain Executive Officers
The Committee approved the following salaries for the executive officers of the Company, effective March 1, 2006:
Nathaniel F. Bradley IV $375,000
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | Asset Acceptance Capital Corp. |
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| February 16, 2006 | | By: | | Nathaniel F. Bradley, IV
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| | | | | Name: Nathaniel F. Bradley, IV |
| | | | | Title: President and CEO |
